GG: SECTION 2: People in business

Front

What is motivation in a business context?

Back

Motivation is the reason why employees want to work hard and work effectively for the business.

Front

What is a wage?

Back

A payment for work, usually paid weekly.

Front

What is a time rate?

Back

The amount paid to an employee for one hour of work.

Front

What is a piece rate?

Back

An amount paid for each unit of output.

Front

What is a salary?

Back

Payment for work, usually paid monthly.

Front

What is a bonus?

Back

An additional amount of payment above basic pay as a reward for good work.

Front

What is commission?

Back

Payment relating to the number of sales made.

Front

What is profit sharing?

Back

A system whereby a proportion of the company's profits are paid out to employees.

Front

What is job satisfaction?

Back

The enjoyment derived from feeling that you have done a good job.

Front

What is job rotation?

Back

Involves workers swapping around and doing each specific task for only a limited time and then changing around again.